In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 327.3 | 329.6 | 384.6 | 386.3 | 366.2 | 348.5 | 326.9 | 320.4 |
Revenue growth | -0.7% | -14.3% | -0.5% | 5.5% | 5.1% | 6.6% | 2.0% | 6.2% |
Cost of goods sold | 170.8 | 166.3 | 193.6 | 208.7 | 192.7 | 187.3 | 177.7 | 170.6 |
Gross profit | 156.5 | 163.3 | 191.0 | 177.7 | 173.5 | 161.2 | 149.2 | 149.8 |
Gross margin | 47.8% | 49.5% | 49.7% | 46.0% | 47.4% | 46.3% | 45.6% | 46.8% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 6.3 | 6.4 | 7.6 | 7.8 | 7.6 | 9.1 | 8.0 | 7.1 |
General and administrative | 45.0 | 40.9 | 42.0 | 40.4 | 35.0 | 31.1 | 13.3 | 20.3 |
EBITA | 105.2 | 116.0 | 141.4 | 129.5 | 130.9 | 121.0 | 120.5 | 115.2 |
EBITA margin | 32.2% | 35.2% | 36.8% | 33.5% | 35.7% | 34.7% | 36.9% | 36.0% |
Amortization of intangibles | 2.7 | 2.7 | 2.9 | 5.6 | 6.3 | 6.7 | 4.8 | 4.3 |
EBIT | 102.5 | 113.3 | 138.4 | 123.9 | 124.6 | 114.3 | 115.7 | 110.8 |
EBIT margin | 31.3% | 34.4% | 36.0% | 32.1% | 34.0% | 32.8% | 35.4% | 34.6% |
Pre-tax income | 54.0 | 103.0 | 119.4 | 86.4 | 101.2 | 93.3 | 99.8 | 99.7 |
Income taxes | 8.9 | 22.6 | 37.5 | 46.2 | 31.0 | 30.4 | 32.4 | 33.0 |
Tax rate | 16.4% | 21.9% | 31.4% | 53.5% | 30.6% | 32.6% | 32.4% | 33.1% |
Earnings from continuing ops | 45.6 | 81.2 | 76.7 | 30.8 | 62.0 | 55.5 | 58.7 | 46.1 |
Earnings from discontinued ops | | | 2.0 | 4.9 | 5.5 | 6.4 | 6.2 | 7.8 |
Net income | 45.6 | 81.2 | 78.7 | 35.7 | 67.6 | 61.9 | 64.8 | 53.9 |
Net margin | 13.9% | 24.6% | 20.5% | 9.2% | 18.5% | 17.8% | 19.8% | 16.8% |
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Diluted EPS | $0.55 | $0.97 | $0.90 | $0.36 | $0.75 | $0.67 | $0.72 | $0.58 |
Shares outstanding (diluted) | 82.8 | 83.9 | 85.3 | 84.8 | 83.2 | 83.4 | 81.0 | 79.3 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |